Deloitte & Touche Tohmatsu Adelphia Communications was under Pennsylvania and New York federal grand jury‚ and SEC investigations for making off-balance-sheet loans‚ amounting to $3.1 billion‚ to the founders and former Chief Executive Officers (CEO) John Rigas and his sons. This was done by inflating capital expenses and hiding debt‚ which overstated results. The company itself filed a lawsuit against its former auditor‚ Deloitte for “professional negligence‚ breach of contract‚ fraud and other
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Wall St. Corporate turnarounds are almost never engineered by a single person. A CEO who takes a failing company and makes it successful again obviously has help from management‚ a board‚ along with customers and shareholders. The vision for how a company can change and the execution skills to put the vision to work begin with the chief executive. Most large turnarounds have several things in common. First‚ most new CEOs cut staff sharply to contain costs and exit non-core businesses. Second‚ most
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within organizations. The analysis of the organizational administration that has an impact for positive or negative employee morale based on human behavior. Organizational issues personal experience My personal experience with organizational issues at Xerox became problematic for the following reasons: • Bureaucratic hierarchical structure‚ • Cultural conflicts‚ • Confusion of compensation: piece rate‚ • Nepotism‚ • Unrealistic goals and accomplishments. These organizational issues made me leave and walkout
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Global Human Resource Management Case Study Furman Selz LLC (A): A Tale of Two Acquisitions 1. What problems are Furman Selz and ING facing in December of 2000? In 1997 ING Barings acquired Furman Selz for $600 million in a purchase that was labeled as a “match made in heaven”. Although the basis for this company’s evaluation was quite optimistic‚ both parties believed in the significant future synergies between the two companies. However‚ a few months after the acquisition
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fixed overhead rate applied to products is $60 per machine hour. Or‚ $1.2 million = (90‚000 – 70‚000) × fixed overhead rate Fixed overhead rate = = $60 P 10–2: Solution to Xerox (15 minutes) [Incentives to over produce] By building inventories and using absorption costing‚ Xerox shifts some of its fixed manufacturing costs from cost of goods sold to inventories. This decreases cost of goods sold and increases net income as long as average unit costs are decreasing. This
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in what they were doing and that they were turning their companies from bankruptcy to a prosperous future. In the example of Anne Mulcahy‚ CEO of XEROX‚ she grew up in the organization and had to make several hard changes upon receiving the role of CEO. One of the hardest of these decisions had to be shutting down a sector of business that she pioneered for XEROX. This demonstrates great humility to me‚ and hope in the future I could overlook my pride to be able of an action like this. Neville Isdell
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2015 Dr. Erica Richmond Decision Making Analysis The decision making process that Anne Mulcahy followed save Xerox in my opinion. The company was at the brink of bankruptcy and the longtime employee‚ now turned president and CEO made great strides to prevent that from happening. After viewing the video‚ and collaborating with my group‚ I agree that Anne did an excellent job with Xerox and patched all the holes in the sinking ship. One of my teammates wrote that lack of structure‚ uncertainty
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leaders from the big international companies‚ Keith Rupert Murdoch was selected from “News Corporation”‚ from the mass media industry; Henry Ford was selected from “Ford Motor Company”‚ from the automobile industry; and Anne Mulcahy was selected from “Xerox”‚ from the document management and IT industry. In case of the identification of leaders from the big national companies‚ Nitun Kundu was a selected from “Otobi”‚ the furniture industry; and Fazle Hasan Abed was a selected from “BRAC (formerly‚ Bangladesh
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Total Quality Management TQM or better known as Total Quality Management is a tactic that seeks to enhance quality and performance of your products or services to meet or exceed your customers’ expectations‚ while ensuring that your employees are up to speed with their training. In other words it’s a “Management approach that works horizontally across an organization‚ involving all departments‚ employees‚ and extending backward and forward to include both suppliers and clients/customers.” TQM notion
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have thought the technology industry was no place for them to make it big. The eight women that are listed on this year ’s Forbes ’ list are as follows: • Ursula Burns - Chairman and CEO of Xerox - she is both the first black woman to head an S&P 100 company and the first woman to succeed another female CEO of an S&P 100 company. She is ranked number 20 on the Forbes list. • Arianne Huffington - Editor and cofounder of The Huffington Post. She cofounded The Huffington Post in 2005‚ which is
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